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cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m. house democratic leader nancy pelosi attempted to put pressure on tonight. she posted this on twitter saying quote, strong majority of house democrats support the bipartisan senate bill that passed 89-8. confident it will pass and speaker boehner allows an up or down vote. and republicans like congressman jack kingston of georgia blame the senate for a hastily written bill. >> it was way past those senators' bedtime. they were blurry eyed when they were reading it. we're trying to fill in the gap wher
cliff. good evening. i'm richard lui. you're watching the standoff in washington, d.c. the house gop is meeting at this hour for the second time today. leadership and members are discussing how to move forward on a bill they say need to include spending cuts. house speaker john boehner and eric cantor arrived at the meeting together. but it was cantor who set off the storm earlier today just hours ago by announcing he could not support the senate bill that was approved this morning at 2:00 a.m....
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the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it back to the senate. meantime, house democrats are demanding a straight up-or-down vote on what came over from the senate. the late-breaking developments leaving the automatic spending cuts and tax increases tied to the fiscal cliff still in play right now. in a desperate race against a different clock, we have another free-flowing, fluid situation tonight. likely a lot of breaking news from capitol hill. we begin with fox team coverage. chief washington correspondent ed henry looks at the president's next move. chief congre
the fiscal cliff legislation. when it made its way across the capitol to the republican controlled house, g.o.p. lawmakers immediately expressed concern about the lack of spending cuts. with the house majority leader publicly and bluntly stating he does not support the bill and the republicans are still at this time, as you look live behind the doors meeting at this hour, they are planning a vote series at some time. but we don't know when. it may include amending the senate bill and sending it...
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. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent much of the day mulling a bill that cleared the senate shortly before 2:00 a.m. >> the yeah's are 89. the nays are 8. 60-vote threshold having been achieved the bill as amended is passed. >> woodruff: the senate bill makes permanent the bush era tax cuts for 99% of families, those with incomes under $450,000 a year. anything over that amount would be taxed at a rate of 39.6% up from the current 35. the agreement would raise the estate tax on large estates to 40%. but the payroll tax cut of the last two years would expire. the bill also extends unemployment benefits for a year and it stops a cut in medicare paymen
. >> woodruff: this turned out to be a long day of waiting for final action on the "fiscal cliff" bill that cleared the senate early today. in the house, the measure ran into republican demands for more spending cuts, and its prospects for passage there dimmed. congress began the new year having missed its deadline to keep tax cuts from rising back to 1990's levels for most americans. and to prevent across-the-board spending cuts. instead, house republicans and democrats spent...
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there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the blame. i have another question to ask. obama asked for complete congressional powers about being able to pull up and give any amount of money that he wanted, taking those powers away from the house. i think that is completely ludicrous. as far as the last caller asking out the democrats and republicans, that me see, if the democrats put a bill together and the republicans don't vote for it, they are mad at it, but if the republicans put a bill and let's say cave to the democrats, there is no bipartisan. i have never seen the democrats actually cave and take care of the fiscal cli
there were not enough votes, so that is why we are facing this fiscal cliff right now. nancy pelosi, harry reid, for six years they knew this was coming. last term of president obama, there was no budget passed. nobody is talking, the liberal media is not talking. they are hiding the bills that were passed in the house to be tabled and never brought up and never be accountable for. i hold the republicans accountable, too, because they did not step up to the mike and point the finger towards the...
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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cliff bill that the senate passed overwhelmingly last night. house majority leader eric cantor appears to be the leading person against the bill because it does not contain spending cuts. house speaker john boehner has taken a position. democrats are urging him to schedule a vote on the bill as it stands now. >>> prince william county officer is being remembered for his years of service to the community. motorcycle officer chris young was killed yesterday when he collided with a minivan. flowers and crosses sit at the site of the accident. he spent seven years on the police force. >>> it is cold out there today. and some folks are getting sprinkles in some areas. >> veronica johnson is here to tell us what to expect the rest of the week. >> hey will. important the rest of the week we go down and then go back up. and -- as you mentioned some of us seeing the sprinkles. that was earlier today. that's now way down to the south. all of us seeing cloud cover take a look at our shot here. you can see the monument there in the distance. the -- washing
cliff bill that the senate passed overwhelmingly last night. house majority leader eric cantor appears to be the leading person against the bill because it does not contain spending cuts. house speaker john boehner has taken a position. democrats are urging him to schedule a vote on the bill as it stands now. >>> prince william county officer is being remembered for his years of service to the community. motorcycle officer chris young was killed yesterday when he collided with a...
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now it is up to the house to stop the fiscal cliff. that's $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote by the house is not yet scheduled. a multiple representative took to the store today floor today vote would be no. >> i wish i could say this was a proud moment, a moment in which we started the year off right, in which the first of january was the first of great many good things. it isn't. we're kicking the can down the road. and worse than that, when faced with a mountain of debt that we were heading for, like an airplane, did we climb over it? no. what we're going to do in the present plan is put nearly another trillion dollars worth of debt on the american people. >> well, joining us now from capitol hill, representative peter welsh, democrat of vermont. we see some democrats moving to the podium. they are also scheduled to speak. congressman welsh, we don't want to interrupt you. so nancy pelosi stepping to the podium. let's take a quick listen. >> well, we just finished a standing room onl
now it is up to the house to stop the fiscal cliff. that's $600 billion of automatic tax hikes and spending cuts. at this hour, though, a vote by the house is not yet scheduled. a multiple representative took to the store today floor today vote would be no. >> i wish i could say this was a proud moment, a moment in which we started the year off right, in which the first of january was the first of great many good things. it isn't. we're kicking the can down the road. and worse than that,...
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not including debt celling in the fiscal cliff deal means the battle will continue. action on immigration reform likely gets pushed off. robert in north carolina, republican line. caller: hi, happy new year. i firmly believe they have to pass this. i think we're between a rock and a hard place especially with the congress. i'm hoping and praying they will. i don't see we have a choice. maybe we can get back to some good legislation and not wait to the last minute and it will cost the republican votes when the house comes up to vote. i'm sure it will by next election. i'm hoping they will do the right thing and get this passed. host: joann on the democrat line. caller: happy new year. the republicans are always talking about cutting the deficit and i'm a democrat and i believe we should cut the deficit. however, we can cut the deficit by taxing the wealthy more and $250,000 is wealthy. they also will not consider cutting corporations loopholes or raising taxes on corporations. they will not consider cutting military even though we have gotten out of one war. if we cut
not including debt celling in the fiscal cliff deal means the battle will continue. action on immigration reform likely gets pushed off. robert in north carolina, republican line. caller: hi, happy new year. i firmly believe they have to pass this. i think we're between a rock and a hard place especially with the congress. i'm hoping and praying they will. i don't see we have a choice. maybe we can get back to some good legislation and not wait to the last minute and it will cost the republican...
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there's a two-month delay when it comes to dramatic spending cuts put out as part of the fiscal cliff. the stock market is closed for today of course it's a holiday. we don't know how wall street will react. but we have a feeling and a sense of how you are responding. alison kosik at a diner in new york. i imagine if you talk to folks they are really frustrated with this thinking, why would you wait until the very last minute? this is something that impacts all of us. what are they telling you? >> reporter: there are lots of opinions, yeah. we're in new york city where people don't hold back their opinions. what happen's great about the diner, we're getting opinions from across the country. liz here from maine all i have to do is say the words fiscal cliff, what comes to mind? >> it's not a cliff, it's a slope. >> reporter: meaning? >> it's not a huge deal. it's not going to be like this disastrous event. it's just not. it's not going to affect me06u personally. i'm a graduate student. i get paid by state of indiana for my assistantship. it's not going to affect me. it's not going to
there's a two-month delay when it comes to dramatic spending cuts put out as part of the fiscal cliff. the stock market is closed for today of course it's a holiday. we don't know how wall street will react. but we have a feeling and a sense of how you are responding. alison kosik at a diner in new york. i imagine if you talk to folks they are really frustrated with this thinking, why would you wait until the very last minute? this is something that impacts all of us. what are they telling you?...
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in other words, we all tumble off the fiscal cliff together. for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >>> while most of you were out welcoming in the new year, the senate was out working late and long after the champagne toast, they passed a deal on the fiscal cliff. now it's up to the house to pass it. the house gets back to work in about 30 minutes from now. house republicans are going to meet to decide what the next step is. vote, no e vote, change things? so while we have heard the reactions from some lawmakers on that senate deal, americans who are a bit groggy from last night, are waking up to the news and having weighing in. alison kosik has been out sampling some of that opinion. what are people saying? >> reporter: you know what's in
in other words, we all tumble off the fiscal cliff together. for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. >>> while most of you were out welcoming in the...
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increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>> doctors are treating secretary of state hillary clinton for a blood clot that formed in her head and they're confident she will make a full recovery. not cause a stroke, or any brain damage. the clot is located in the vein in the space between the brain and the skull behind the right ear. to help dissolve the clot, they are treating her with blood thinners. she will be released once the medication dose has been established. we will be right back. . >>> zynga has started shutting down several titles as part of a plan to cut costs at the struggling online game company. games such as petville and mafia wars 2 will no lon
increases and spending cuts. >>> it's not just the fiscal cliff u-s lawmakers need to worry about this morning. there's also concern about the nation's debt ceiling. the u-s reached its legal borrowing limit of 16-point- 4 trillion dollars yesterday. the treasury department is taking measures to buy time until the end of february. they include suspending some investments in benefit fundsbut after that, the treasury will not be able to pay all of the country's bills in >>>...
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we shouldn't really call this a fiscal cliff deal. this is just the senate's bill. the senate vote 89-8 in favor the bill. it extends decade old tax cuts on income up to 400,000 for individuals, 450,000 for couples. cuts only 15 billion in spending while increasing tax revenues by $620 billion. that is a 41-1 ratio of tax increases to spending cuts. so who are the winners and losers? we'll play a little game. i will toss out some names to you, you tell me winner or loser. we'll go down the list. richard, start with you, president obama, john boehner, winner or loser? >> i think both of them are winners for different reasons. the president won. obviously showed winning an election and staying on message is a winning strategy. he got republicans to budge on this decades long notion somehow or other lifting tax rates was going to be ruin news for the economy. i think we'll see that it's not. he got a lot of other provisions clean energy, tuition credits, senator for low income people. unemployment benefits extended that were on the line. i think john boehner is actuall
we shouldn't really call this a fiscal cliff deal. this is just the senate's bill. the senate vote 89-8 in favor the bill. it extends decade old tax cuts on income up to 400,000 for individuals, 450,000 for couples. cuts only 15 billion in spending while increasing tax revenues by $620 billion. that is a 41-1 ratio of tax increases to spending cuts. so who are the winners and losers? we'll play a little game. i will toss out some names to you, you tell me winner or loser. we'll go down the...
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i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people jobs. that's the message that will come forth from this day, january 1, when we are here in this congress. i want the american people to be optimistic because there are members of congress that will fight for your growth, your opportunity, your freedom. that is what america's all about. i yield back. the speaker pro tempore: the gentlelady yields back. for what purpose does the gentleman from virginia seek recognition? >> i ask unanimous consent to address the house for one minute. to revise and extend. the speaker pro tempore: without objection, the gentleman from virginia is recognized for one
i don't know what my decision will be as we move forward on this issue of the fiscal cliff, but i will say this, we will not tolerate the american people being held hostage over the debt ceiling. and these unhelpful cuts that will cut into those who are the most vulnerable. that will not be the pathway that we will take. for every economist will tell you if you invest in your people and build infrastructure, you'll grow this country and you'll turn this economy and you'll be able to get people...
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the stories that matter on "eyewitness news this morning" ... >>> good morning. january 1, 2013 already. i'm grace lee. michelle is off today. >> hi, everyone. i'm frank mallicoat. it is 6:31. that "fiscal cliff" drama is going on past the deadline which was 9 1/2 hours ago but a little bit of progress. >> that's right. let's take a live look from the u.s. capital where the senate passed the bill after the midnight deadline. the house is set to reconvene this morning at 9 a.m. pacific time with its vote expected sometime today or tomorrow. we're still not sure. highlights of the bill include an extension of those bush-era tax cuts on annual i
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff lie this is front of us. >> secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the rose parade route preparing for cold weather. >> we have bed, fireplace, blankets, fire pit. we're all set. from across the bay to around the world, the...
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that make up the so-called fiscal cliff. good morning. it's january 1st. welcome to a special new year's edition of "msnbc live." i'm chris jansing. of course, there is still one more very long bridge left to cross, and that is the house. they still have to weigh in on this before the bill becomes law. senate leaders from both parties said inaction, though, is not an option. >> i hope the new year will bring a new willingness on the part of the house republicans to join democrats in the difficult but rewarding work of government. >> we don't think taxes should be going up on anyone, but we all knew that if we did nothing, they'd be going up on everyone today. >> luke russert is nbc's capitol hill correspondent. happy new year to you, my friend. >> reporter: happy new year to you, chris. you're certainly chirpy this morning. 5-hour energy going strong. >> i've never had so much coffee in a single two-hour period in my life. all right, it's been an exhausting 24 hours. weren't we just talking a few hours ago? bring us up to sp
that make up the so-called fiscal cliff. good morning. it's january 1st. welcome to a special new year's edition of "msnbc live." i'm chris jansing. of course, there is still one more very long bridge left to cross, and that is the house. they still have to weigh in on this before the bill becomes law. senate leaders from both parties said inaction, though, is not an option. >> i hope the new year will bring a new willingness on the part of the house republicans to join...
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we begin with this morning's fiscal cliff and the drama that now shifts to the house. overnight the senate overwhelmingly passed a compromised measure. it it delays the spending cuts that could have plunged the nation back into a recession. for most americans, taxes would stay the same r for almost everyone but top earners. but the measure is now up to the house. lawmakers take up the matter in two hours and could vote later today. and republican leaders in the house aren't making any promises that it will pass. this morning both parties say more work needs to be done. >> i'm disappointed that we weren't able to make the grand bargain as we have tried to do for so long, but we tried. if we do nothing, the threat of recession is very real. >> we have done some good for the country. we have taken care of the revenue side of this debate. and now it's time to get serious about reducing washington's out of control spending. that's a debate the american people want and it's the debate we'll have next and it's a debate republicans are ready for. >> we're covering all the angl
we begin with this morning's fiscal cliff and the drama that now shifts to the house. overnight the senate overwhelmingly passed a compromised measure. it it delays the spending cuts that could have plunged the nation back into a recession. for most americans, taxes would stay the same r for almost everyone but top earners. but the measure is now up to the house. lawmakers take up the matter in two hours and could vote later today. and republican leaders in the house aren't making any promises...
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. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all set! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald >> this is the touchdown! [ applause and cheers ] ♪ [ music ]♪ >> good morning, already a busy 2013. happy new year to everyone. i'm grace lee. michelle is off today. >> all right. i'm frank mallicoat. happy new year, everyone. it's 5:30 now. we are going to take you to washington. we have a live look at the u.s. capital where congressional leaders may have found a way finally to avoid the dreaded "fiscal cliff." >> after that midnight eastern time deadline, the senate passed a b
. >> the senate passed a "fiscal cliff" compromise blocking across-the-board tax hikes and spending cuts that could kick in january 1. >> this is a mini cliff. the big cliff still lies in front of us. >> doctors confirm that secretary of state hillary clinton has a blood clot in her head. >> thousands of people are lining the 5.5-mile rose parade route prepared for the cold weather. >> we have the bed, couple of blankets, the fear pit, chairs, we're all...
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those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16 trillion that is the bush tax cuts that keep coming up. the medicare plan be. that is the other is trillion dollars. we cannot rely on the american people to allow this to happen. host: a prediction of a possible vote later on today -- the a p noted in a story earlier this morning that tea party senators did approve, some of them, a couple of them, did approve this deal earlier this morning in the senate. also, the ap report in this morning that officials also decided at the last minute to use the measure to prevent a $900 pay raise for lawmakers to take effect this spring. that is something our
those people realize that this so-called fiscal cliff, but there is a reason why these tax cuts camp -- come up every year. it is so they can keep debating over the american people, to allow the american people to pay super rich people's america -- their taxes. i just do not get what people do not understand that this is why it comes up every year. that is what we will keep doing. this is what they are fighting for. it is wild. sexting dollar trillion of debt is bush and obama tax cuts -- $16...
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actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching. >> let's dive into the senate deal. what it does on the business side. popular tax breaks extended, including a credit for research, which benefits high-tech companies and appear an investment rightoff that helps manufacturers. the long-term unemployed receives emergency benefits for another year. doctors spared a 27% cut in medicare reimbursements set to take effect in january. the $30 billion cost would be cut by cutting other health care programs. >> and tim huelkamp, you and i got into a little dustup last night. brand new year, 2013. let's start over again. happy new year to you, sir. >> happy n
actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching....
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legislation to avert the fiscal cliff tax increases and spending cuts increases is headed to the house. the house will be back in session this afternoon. house speaker john boehner hasn't endorsed the deal but has promised to vote on it or a republican alternative right away. >>> the type of blood clot detected in secretary of state hillary clinton is relatively uncommon, but can occur after an injury like the fall and concussion she suffered in september. doctors are treating mrs. clinton with blood thinners and are confident she'll make a full recovery. >>> midnight fire works show was canceled after a fight at a restaurant ended with two people fatally shot and three injured. the new year was greeted with con feti and fireworks for the most part, champagne, eiffel tower in paris. crowds were smaller than last year. hong kong held its biggest ever celebration, including a massive fire works display that cost $1.6 million. now a look at the forecast. unsettled weather will impact the central and southern united states, bringing rain to the southeast and snow through the ohio valley. l
legislation to avert the fiscal cliff tax increases and spending cuts increases is headed to the house. the house will be back in session this afternoon. house speaker john boehner hasn't endorsed the deal but has promised to vote on it or a republican alternative right away. >>> the type of blood clot detected in secretary of state hillary clinton is relatively uncommon, but can occur after an injury like the fall and concussion she suffered in september. doctors are treating mrs....
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the senate cut a deal to solve the fiscal cliff but what are the chances of passing the house? that analysis is next. >> there is a completely separate tax hike that goes into effect today. another $1 trillion thanks to obamacare. what it means for your health and wallet. >>> "fox and friends" live from new york city 2013. >> and washington, d.c. ♪ i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. marie callender's turkey breast with stuffing is a great reason to slow down. creamy mash potatoes, homestyle gravy and 320 calories. marie callender's. it's time to savor. every signature is unique, and every fingerprint unrepeatable. at sleep number, we've always recognized the incredible diversity of human beings, and know that up there with your social security number and your phone number is another important number. your sleep number. s
the senate cut a deal to solve the fiscal cliff but what are the chances of passing the house? that analysis is next. >> there is a completely separate tax hike that goes into effect today. another $1 trillion thanks to obamacare. what it means for your health and wallet. >>> "fox and friends" live from new york city 2013. >> and washington, d.c. ♪ i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first...
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and they tried to explain that away and say this is the fiscal cliff. we have a fiscal grand canyon to deal with. and the president won round one and we'll sock it to him in round two, i don't know about that, two months, three months, we'll wait for round three and really get him. i mean, at one point this business of living to fight another day. you have to dig in your heels, by golly, this is important to the people of my country. >> that's not the most compromising view. but i appreciate your principles, sir. phil gingrey from the 11th in georgia. good to see you, happy new year. >> thank you so much. happy new year. >> he has not made up his mind yet. doesn't sound like a yes vote. >> based on data laid out there, doesn't sound like it. >> fairly safe to say. despite down to the wire fiscal cliff negotiations, somehow americans across the country managed to celebrate the arrival of the new year in spectacular style. the fiscal cliff not weighing them down at all. an estimated crowd of 1 million jammed into times square to watch the traditional ball
and they tried to explain that away and say this is the fiscal cliff. we have a fiscal grand canyon to deal with. and the president won round one and we'll sock it to him in round two, i don't know about that, two months, three months, we'll wait for round three and really get him. i mean, at one point this business of living to fight another day. you have to dig in your heels, by golly, this is important to the people of my country. >> that's not the most compromising view. but i...
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>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good morning. it is straight up 6:00 on the first day of the new year, 2013, here we come. take a live look outside right now at reagan national airport. checking in with tucker here in a second. it is tuesday, the 1st of the year. i'm sarah simmons. >> i'm wisdom martin. welcome to fox 5 morning news. there it is, countdown to 2013 and what most may say was the most famous new year's celebration of them all. morning a million people hit the streets of chilly manhattan to watch the ball drop in times square. about a billion more watched it on television. many folks rang in the new
>>> an overtime session reach as a fiscal cliff deal. while most people partied, lawmakers struck a last-minute agreement to stop at cross the board tax hikes and spending cuts. but maybe too soon to celebrate. we'll tell you why in a live report. >> plus, another big story in the nation's capital, the burgundy and gold return to the playoffs. we'll see how people are marking the end of a five-year drought. fox 5 morning news continues right now. right now. >>> good...
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the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other deadlines. >> it's no joke. we have gone to the brink on each one of those three things. >> that's the way we do it now. we wait until the absolute last minute to get things done. >> let me give you the glass half full here. we are in -- >> half full of champagne. >> we're in an environment of risk, we're not making it worse type environment. we're doing things to embrace the deficit and the debt. slowly but we're doing it. >> the problem not having a budget really is fundamentally a problem. the government does all sorts of things, passes all sorts of resolutions whether you like th
the senate's fiscal cliff deal would kick that can down about two months to march. a lot of federal agencies trying to figure out what's that going to mean down the road? and then there's the continuing budget resolution which uses short-term band aids. the current resolution expires towards the end of march. so, before you think that we've averted any kind of fiscal cliff, we're actually hanging off of it by our fingernails waiting for the house to fix it and you've got all these other...
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., two hours after the deadline for the fiscal cliff, the senate approved a measure that would block across the board tax increases as well as spending cuts. now, under the senate deal, there would be tax increases for individuals making $400,000 or more and for families making over $450,000. that's a higher fresh hold than the president had wanted. as for the spending cuts to defense and domestic programs, they would not happen automatically. instead, they would be delayed for two months allowing lawmakers to continue negotiating. while there is renewed optimism that the country will avoid the worst case scenario in all of this, it is not by any stretch a done deal. the house has to approve the compromise. they reconvene at noon today. but it's anybody's guess whether they go along with it. we have to wait and see. reporting live from capitol hill, megan mcgrath. erika, back to you. >> thank you, megan. the treasury department is trying to avert a different financial crisis. it stopped issuing new debt for two government retirement funds. that move will keep the government from reac
., two hours after the deadline for the fiscal cliff, the senate approved a measure that would block across the board tax increases as well as spending cuts. now, under the senate deal, there would be tax increases for individuals making $400,000 or more and for families making over $450,000. that's a higher fresh hold than the president had wanted. as for the spending cuts to defense and domestic programs, they would not happen automatically. instead, they would be delayed for two months...
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard fromenator harkin there, he and a bunch of other senate lib rarblingts shelton white house, al franken, jay rockefeller, other, huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for t
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion, and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there, at least, on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind, you-- what...
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that means they are still at work, the senate possibly coming in to vote on a deal with the fiscal cliff tonight. although the deadline has passed, congress can still deal with the impact of spending cuts and tax increases that were set to go into effect on january 1. congressional leaders say they want to send legislation to president obama within a day or two, so consumers should not notice any impact. again, that from the associated press. and now, we talk to a reporter on capitol hill about the actions so far by senate democrats in reaching an agreement. todd is from the takeaway. hours before the deadline, democrats announced a scaled- down version to avoid the so- called fiscal cliff. what are some of the key items in the deal? >> the most important items people will be paying attention to are the income tax rates. you are looking at a tax increase on individuals making more than $400,000 and individuals and families making more than $450,000. president obama campaigned on 250 thousand dollars, and they are redefining what is middle class. now, someone who makes $300,000, that pers
that means they are still at work, the senate possibly coming in to vote on a deal with the fiscal cliff tonight. although the deadline has passed, congress can still deal with the impact of spending cuts and tax increases that were set to go into effect on january 1. congressional leaders say they want to send legislation to president obama within a day or two, so consumers should not notice any impact. again, that from the associated press. and now, we talk to a reporter on capitol hill about...
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senator john mccain says automatic spending cuts to be delayed for two months under tentative fiscal cliff deal. that would seem to me we're going to get a vote at some point this evening on the tatax portion with the delay. we get it in the senate and then it would move to the house and latourette is saying house members have been told to stay close. they may be called back to continue fiscal cliff negotiations. >> yep. you have got the wires right there. and so there had been some conversations, some reports that there might be a two-month or 90-day sequestration, a delay in the sequestration as part of trying to get through this to buy the congress the new congress, more time to do this in a more deliberative way of the as you recall the sequestration was meant to be a hammer from the big super-committee, from back in the 2011 debt ceiling deal. adam: right. >> and everybody thought they would work that out in the super-committee. the super-committee did not work out anymore measured considered cuts. now we have the hammer and members still don't want the hammer. they want toave a
senator john mccain says automatic spending cuts to be delayed for two months under tentative fiscal cliff deal. that would seem to me we're going to get a vote at some point this evening on the tatax portion with the delay. we get it in the senate and then it would move to the house and latourette is saying house members have been told to stay close. they may be called back to continue fiscal cliff negotiations. >> yep. you have got the wires right there. and so there had been some...
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still question lines before we get to the finish line and avert the fiscal cliff. in two months, the voice president told democrats behind closed doors, there will be a donnybrook in vintage biden speak when we talk about the mandatory spending cuts that they delayed to the end of february. >> thank you so much. we'll be back in a moment with continuing coverage of negotiations on the fiscal cliff, please stay with us. the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. like gas station sushi. or super cheap car insurance. and then there are good decisions. like esurance. their coverage counselor helps you choose the right coverage for you at a great price. [ stomach growls ] esurance. now backed by alls
still question lines before we get to the finish line and avert the fiscal cliff. in two months, the voice president told democrats behind closed doors, there will be a donnybrook in vintage biden speak when we talk about the mandatory spending cuts that they delayed to the end of february. >> thank you so much. we'll be back in a moment with continuing coverage of negotiations on the fiscal cliff, please stay with us. the boys use capital one venture miles for their annual football trip....
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the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as w
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe...
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that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats, depends on whether or not the president holds firm in the commitment he made. that he will refuse to negotiate on the debt ceiling. he is saying forget it. i'm not even going to talk about it. i don't care what you want to give me to raise the debt ceiling, i don't care what you want about the debt ceiling, i'm not going to touch the debt ceiling. now what does that mean? does that mean he is going to pay the debts even if the republicans don't raise the debt ceiling. we don't know, but he has insisted, both in private and with his staff in his public statements and in private with others that this is a
that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats,...
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. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place. we can do this. we must do this. >> reporter: though it is down to the wire. >> it's december the 31st! january 1st is tomorrow, 2013, taxes go up. >> reporter: a frustrated senator john kuhn said the senate should have acted months ago to keep the economy from going off the fiscal cliff. >> i just find it really hard to sit and listen to people come up now and wring their hands and talk about gee whiz, you know, i really hope we can get something done here in the last day as we put two people together basically to resolve this. >> reporter: the two people were senate republican le
. >>> right off the top, breaking news from capitol hill, just two hours from the fiscal cliff deadline the white house has reached adeal with congressional republicans. which thanks for joining us tonight. i'm maureen umeh. the deal would delay harsh spending cut for two months, but it appears the house will not vote before tonight's midnight deadline. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the...
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put off for a couple of months. >> delayed. >> and that sets up the second fiscal cliff battle that washington will deal with and that is over the debt ceiling. explain that for folks who may not be following it. >> exactly. and you are right to point that out because these are two more battles really colliding with one another. kicking the can down the road, both parties on the sequester. two months from now we back here dealing with again whether or not they can come up with more spending cuts, more tax increases according to how the president is now saying it, he is saying it should be a split. he said that earlier at his event here that was criticized by republicans for looking like a campaign rally, looking like he was doing a victory lap. they deny that here and say the president was just rehe stating his principles here but he said this should be split between more are revenue and more spending cuts not just spending cuts. that is going to be controversial with republicans as you know. in two months they have to come back and buy down more of the sequester and shut it down mo
put off for a couple of months. >> delayed. >> and that sets up the second fiscal cliff battle that washington will deal with and that is over the debt ceiling. explain that for folks who may not be following it. >> exactly. and you are right to point that out because these are two more battles really colliding with one another. kicking the can down the road, both parties on the sequester. two months from now we back here dealing with again whether or not they can come up with...
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it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we saw president obama come out earlier today and talk about the fact that look, this isn't a perfect deal. this represents compromise on all sides. part of the reason you saw president obama come out today is not only to pressure republicans, but also to pressure democrats to get the deal done before this midnight deadline that is now so close and that is fast approaching. so there is some opposition that is being voiced from the left. could this impact the decision of some senate democrats? we'll have to wait and see, certainly. but, of course, when these deals come together, there are a lot of dis
it's not a good fiscal cliff deal if it give morse tax cuts to 2% and sets the stage for, in his words, quote, hostage-taking. he is voicing the concern that because the taxes only apply or go up on those making $400,000 or more and $450,000 if you're a couple, that essentially it's not hitting enough people. and he is voicing the concern that there might be deep cuts. so there is some pressure coming from the left for democrats to not necessarily accept the deal that is on the table. now, we...
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goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal. the dow finished ahead 166. the s&p 500 was up 24. the nasdaq gained 59 another deal not fiscal cliff related. the senate home security committee blasted the state department for failures leading to the deadly september 11th attack on the u.s. mission in benghazi, libya. this comes on the heels of another scathing report by an independent state department accountability review board that we have covered many times. chief intelligence correspondent catherine herridge has the latest senate report sites the white house for president obama inconsistent statements whether the benghazi assault was terrorist attack
goes on to tweet republican's fiscal cliff double think fiscal crisis demands cuts in service, no investment in jobs but allows more tax cuts for richest americans. if and when this comes up for votes in the house and senate, it's unclear how many democrats especially on the left will support this, or buck the president, basically. bret? >> bret: ed henry live in the white house. thank you. stocks started the week up. possibly encouraged early in the day about talk of this possible deal....
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washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain how we got to this point and who will suffer as a result. it was a battle and lack of that caused the republican led house of representatives tomorrow. that means we will go over the fiscal cliff at midnight tonight. something the president didn't when he met with reporters >> if this seems that this deadline is shortly in sight. >> reporter: the president indicated that congress was closing in on an increase in taxes for the middle-class. ford and com burgers over the amount of $450,000. for -- the amount of the and, revenue of $450,000 household incomes. >> if they think i'm going to finish with deficit r
washington as congress fails to act in time to avoid its fiscal cliff. haazig madyunlieberman: no deal is the worst deal >>> very dangerous place. haazig madyu brain, behind the t ear." >>> chief looks back at his over the "fiscal cliff". despite progress between cutting a deal to avoid a series of automatic tax hikes and spending cuts. will miss the midnight deadline lawmakers set for voting on an agreement. >>> kron-4's dan kerman is here to explain...
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keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a scalpel. it may not always be the smartest cuts. that is a piece of business that still has to be taken care of. i want to make clear that any agreement we have to deal with these automatic spending cuts, those also have to be balanced. my principle has always been to do things in a balanced, responsible way and that means revenues as to be part of the equation in turning off the sequester as well as spending cuts. the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do
keep in mind that the threat of tax heights going up is only one part of this so-called fiscal cliff. what we also have facing us starting tomorrow or automatic spending cuts that are scheduled to go into effect. keep in mind that some of these spending cuts that congress has said will automatically go into effect have an impact on our defense department but that also have an impact on things like head start. there are some programs that are scheduled to be cut. we are using an ax instead of a...
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we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about $500 billion, which you don't think is sufficient nlt. but if you're not prepared to see taxes raised on the middle class, you want this threshold to be lower, and you're not really that interested in entitlement cuts, you made that pretty clear, where actually do you deal with curtailing the growth in the deficit and the debt? >> i go first of all to military defense cuts. we have a bloated military. our military right now, our military spending is larger than the next 13 military budgets, the next 13 nations put together. i would also go after co
we're basically over the fiscal cliff tomorrow. the administration and democrats can provide basically a middle class tax cut, introduce legislation providing tax cuts and restoring spending cuts and republicans would be hard pressed not to vote for it. remember, also, there will be more democrats in congress. >> i'm going to ask you this, then, one of your complaints was by raising the threshold to $450,000 for couples, $400,000 for individuals, you go from raising $800 billion to about...
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draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the internet that isn't true. where did you hear that? [ both ] the internet. oh look. here comes my date. i met him on the internet. he's a french model. uh, bonjour. [ male announcer ] state farm. more mobile than ever. get to a better state. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market
draws closer and closer to that fiscal cliff. the defense department is facing billions in budget cuts. how a furlough could affect civilian employees in the u.s. and around the world. oh, hey mike. what are you up to? oh, just diagramming this accident with my state farm pocket agent app. you can also get a quote and pay your premium with this thing. i thought state farm didn't have all those apps? where did you hear that? the internet. and you believed it? yeah. they can't put anything on the...
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cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never trust the caterers. anyway, republican national chairman committee man. i say that because i could not have been somebody who paid 1 $10,000 to go 234 there and then hurt the guy. >>> if u you're right about this election, it's the numbers. first of all, they occupy people. 1 pnt. all of the sudden, 1% became the thing to talk about. and then the 47% being anybody who's on any kind of government benefit program. whether it's disability or retirement or military or pension. everything was panted as bad. where did he get that number? >> well, look, you know, this election was all
cliff on overting tax hikes on middle income americas. they're still vague about delaying across-the-board spending cuts known as the sequester. stay with msnbc for more updates. now back to "hardball." >> let's dig into the turning points of general election. first up, the video that turned out to be the low point for the romney campaign. the candidates taped campaigns that half the americans are lazy. it's known as the 47% video. let's listen again. >> . >> never...
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but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you need in the senate usually is 51 votes. we've gotten into this environment here where we assume that everything needs 60 votes. it doesn't have to be that way. you heard from senator harkin there he and a bunch of other senate lib rarblingts shelton white house al franken jay rockefeller, other huddled in harry reid's office earlier today. i was standing outside that room when they came out. they were tight-lipped. they were grim. they went into a side meeting all their own to try and decide what to do. they weren't talking when they came out. what you are looking for there i
but this sequester is, you know, it's a big part of the fiscal cliff. monetarily it's not quite half of it. it's worth $110 billion and those spending cuts go into effect tonight. it's unclear if they are going to solve that part of it. >> woodruff: but todd s there, on the tax side, has there been agreement there at least on the senate side. because as we just reported some democrats say they don't like what they see. >> well, they don't need everybody. keep in mind you-- what you...
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is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been agreed to and get moving. >> reporter: the tentative deal would extend bush era tax cuts for families making $450,000 a year and individuals making 40 o,000. it would also extend unemployment benefits for one year. president obama said he would have preferred a grand bargain that solves all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. it may be we can do it in stages. >> reporter: negotiations have been going on all day, lawmakers and aids moving back and forth be
is apparently going over the fiscal cliff. in just six hours across the board spending cuts and automatic tax hikes for all americans will kick in. lawmakers say they're close to an agreement. there are still some major sticking points. randall pinkston has the very latest. >> reporter: the gnat is close to a daily as the clock ticks toward mid nature and the nation teethers on the edge of the so-called fiscal cliff. >> let's pass the tax relief portion now. let's take what's been...
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mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight and republicans have been calculating that they want to extract some concessions from the white house on that. that can't be considered separate from what we're talking about today. of course, we have to do the sequestration and what will happen with those cuts. so it's too early to tell who wins, who loses. i'll add to ezra, the big losers i guess are us, and me in particular standing out here in the cold on new year's eve over a manufactured crisis. >> there are a lot of us who did not expect to be here at 5:31 eastern time on new year's eve. we shall say that. let m
mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight...
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that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's remarks at -- i guess it was the executive office building. and i'm not sure yet as i sort out my impressions of the president's remarks as to whether to be angry or to be saddened. i've been around this town for a number of years, and as is well known, i had an interest in the presidency more than academic and i've watched a lot of presidents, going back to president reagan from the standpoint of a member of congress. and i've watched these other crises as we go through them, whether it be the potential shutdown of the governme
that are part of the fiscal cliff. mr. mccain: may i thank the senator from maryland, as always, for her usual courtesy and i think she had a very important message and i appreciate not only the words themselves but her eloquence and passion. mr. president, i ask unanimous consent that the senator from south carolina be included in a colloquy during my remarks. the presiding officer: without objection. mr. mccain: mr. president, i, like i believe all of us just finished watching the president's...